NEW DELHI : The government’s stake sale in BPCL and other blue chip public sector giants, will destroy the country’s sovereignty, CPI(M) Politburo said in its statement.
Apart from BPCL, the Centre is set to privatise Shipping Corporation of India, Container Corp. of India, THDC India and North Eastern Electric Power Corp
The centre has also decided for disinvestments in the metal, energy and power sectors.
CPI(M) has announced its support for nationwide strike on 28 Nov, called by BPCL employees’ unions. The party had earlier declared its month-long stir in December, against govt’s decision to offload stakes en masse.
The Modi administration plans to privatise 28 public sector units in the steel, engineering, construction, aviation, railway, ports, electronics and defence engineering segments.
These public sector majors are being monetised to meet govt’ unacceptable receipts target of Rs 110 Lakh Crore, the statement read.
Sale of profit-making majors to close billionaire friends is aimed at taking control over country’s strategic sectors and will eventually starve the nation, the statement said. The centre should back out from such manipulations, it added.